Ever Reach Group (Holdings) Company Limited (HKEX: 3616) (Ever Reach Group) was successfully listed on the Main Board of the Stock Exchange of Hong Kong Limited. Sidley was the legal adviser to China Everbright Capital Limited as sole sponsor to the listing and China Everbright Securities (HK) Limited as sole global coordinator to the offering, together with China Everbright Securities (HK) Limited, BOCOM International Securities Limited, SSIF Securities Limited, Central China International Capital Limited, ABCI Securities Company Limited and RHB Securities Hong Kong Limited as underwriters. The global offering raised HK$372 million (approximately US$48 million).
Ever Reach Group was the largest property developer in terms of total GFA of residential projects offered for sale in Xuchang City, Henan Province, the PRC as of December 31, 2017.
The Sidley team was led by partner Gloria Lam, with support from senior associate Catherine Chan and associate Dennis Chan, as well as senior legal assistants Lexi Liu and Jacky Zhu.
The Sidley China team has advised on more than 25 Hong Kong IPOs from January to October 2018, and leads the Hong Kong legal advisor league table on deal counts*.
*RyanbenCapital data (2018 January - October)